Word: multibillion
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Dates: during 1990-1999
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...Bradstreet, the multibillion-dollar business-information giant, said it would split itself into three companies. Unlike AT&T's reorganization, the move will not be coupled with huge job cuts: less than 2% of Dun & Bradstreet's 50,000 employees will...
...York City, Sept. 4, 1999: in an action that capped a decade of multibillion-dollar takeovers, the world's last two international media conglomerates today announced that they would merge. BMCAA Viafox (created out of Bertelsmann, MCA, CAA, Viacom and Fox) agreed to accept a bid of $638 billion in cash and stock from Disony GETCITWest (formed from a fusion of Disney, Sony, GE, TCI, Time Warner and Westinghouse). The new entity, which now controls all entertainment on film, TV, CD, video, telephone and computer, will be called, simply, Diller...
...Rodriguez brothers are a study in opposites. Miguel Rodriguez Orejuela, the younger one, has a driven, type-A personality, so obsessive about the family's multibillion-dollar empire that he monitors the electric bills and company magazine subscriptions. Gilberto, 56, is the smooth chairman of the board, more cerebral, with a fondness for the Colombian poets, a passion for soccer, and friends in high and public places. U.S. Drug Enforcement Administration officials have long felt, however, that Gilberto's intelligence has been overrated. Believed to be the leader of the powerful Cali cocaine cartel, Gilberto, who says he is merely...
...certainly not the last. Tired of waiting for cable and telephone companies to build their fiber-optic interactive-TV networks--a multibillion-dollar effort that could take a decade or more to complete--computer enthusiasts are making do with what they have today: a computer network that runs largely over telephone lines. Using jerry-built software tools and whatever shows they have at hand, they are busily reinventing the old media on the new medium, offering up music, pictures, video clips and now a comedy series. Much of the new material is drawn from the golden days of radio...
...after bank failed, the wanted list swelled. While some of the bankers turned themselves in and were released on bail to await formal indictments and trials, several set up in Miami. Among them: - Ricardo Cisneros, a former Banco Latino director who with his brother Gustavo runs Grupo Cisneros, a multibillion-dollar conglomerate that owns, among other things, the Spalding sporting-goods company. Cisneros, who is charged with fraud, contends that he did not serve on the management team that ran the bank's daily business and thus knew nothing of any improprieties. Gustavo, who has not been implicated...